TrailStone Group gets $300 million revolver led by BNP Paribas

By Sara Rosenberg

New York, Dec. 19 – TrailStone Group closed on a $300 million revolving credit facility, according to a news release.

BNP Paribas acted as sole lead arranger and bookrunner on the deal. ABN Amro Capital USA LLC and Societe Generale were co-syndication agents.

During syndication, part of the accordion feature under the revolver was used to upsize the facility from $250 million due to oversubscription.

The revolver has a $100 million accordion remaining.

Proceeds are being used to refinance an existing $200 million revolver, to provide working capital liquidity, and to finance the company’s expanding global footprint in physical merchant activities centered on natural gas and renewable power.

TrailStone is a commodities trader and an investor in strategic commodity assets.

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